LKQ posted Q2 2026 revenue of $3.4 billion, down 3% year over year; net income was $134 million, down from $185 million.
Diluted EPS fell to $0.52 from $0.72; non-GAAP adjusted diluted EPS slid to $0.67 from $0.84.
Segment EBITDA dropped to $349 million from $414 million, with Europe hurt by an ERP implementation in Germany while North America returned to positive organic growth.
Free cash flow was $60 million versus $243 million; total debt stood at $4 billion with leverage at 2.8x EBITDA.
Updated 2026 outlook calls for organic parts-and-services revenue growth of (3%) to (1%) with diluted EPS of $1.78 to $2.08.